Chapel Down reports burgeoning sales of English wine and craft beer
English sparkling wine producer Chapel Down has grown sales by 26% in the past year, according to its interim results.
For the six months to June 30, 2016, sales were up to £4.1 million compared to £3.25 million the previous year.
Wine sales were up 14% to £2.6 million, and wine gross profit climbed 18% to just over £1 million.
Chapel Down also produces the Curious Brew range of beers and some ciders, and this side of the business increased by 55% to £1.5 million, while gross profits were also up 55% to £300,000.
Chief executive Frazer Thompson said: “We continue to deliver good growth, with sales and gross profits both growing strongly.
“Consumers’ interest in English wines and specialist or craft beer shows no sign of abating and Chapel Down has worked hard to be well positioned to benefit.
“We are planting more vines in the finest sites, improving our production facilities, winemaking equipment and systems and developing our people and brands.
“The successful fundraising of £1.7 million for Curious Drinks will enable us to build an exciting new brewery and develop our business for the long term.
“We are encouraged by the prospect of another good harvest in 2016, with excellent quality, which will enable us to continue to improve the quality of our wines and help our goal to have supply in place to meet future demand.”